Mahindra Holidays Amends Fair Disclosure Code to Align with SEBI Regulations
Mahindra Holidays & Resorts India Limited's Board of Directors approved amendments to its Code of Practices and Procedures for Fair Disclosure on 29th January 2026, aligning it with updated SEBI (Prohibition of Insider Trading) Regulations, 2015. The amended code establishes comprehensive guidelines for handling Unpublished Price Sensitive Information, designates a Chief Investor Relations Officer for oversight, and includes a detailed framework for legitimate information sharing with specified entities on a need-to-know basis.
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Mahindra Holidays & Resorts India Limited has updated its corporate governance framework by amending its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information. The Board of Directors approved these amendments on 29th January 2026, following recommendations from the Audit Committee.
Regulatory Compliance Update
The amendments were specifically designed to align the company's existing code with recent modifications in SEBI (Prohibition of Insider Trading) Regulations, 2015. This update ensures the company maintains compliance with evolving regulatory requirements for fair disclosure practices.
| Parameter: | Details |
|---|---|
| Board Meeting Date: | 29th January 2026 |
| Regulatory Framework: | SEBI (Prohibition of Insider Trading) Regulations, 2015 |
| Compliance Provision: | Regulation 8(2) |
| Effective Date: | 29th January 2026 |
Key Code Provisions
The amended code establishes comprehensive guidelines for handling Unpublished Price Sensitive Information (UPSI). The framework designates a Chief Investor Relations Officer (CIRO) as the senior officer responsible for overseeing disclosure and dissemination of UPSI to ensure timely, adequate, uniform and universal disclosure.
The code defines UPSI as information relating to the company or its securities that is not generally available and could materially affect share prices. This includes:
- Financial results and dividend announcements
- Changes in capital structure and business expansions
- Key managerial personnel changes
- Credit rating modifications
- Regulatory actions and litigation outcomes
- Fraud, defaults, or insolvency proceedings
Legitimate Purpose Framework
The code incorporates a detailed policy for determining "Legitimate Purpose" when sharing UPSI. Information may be shared in the ordinary course of business on a need-to-know basis with designated persons, partners, lenders, advisors, auditors, and other specified entities.
| Sharing Requirement: | Compliance Measure |
|---|---|
| Digital Database: | Structured recording of UPSI recipients |
| Recipient Notice: | Confidentiality and trading restrictions |
| Internal Controls: | Time stamping and audit trails |
| Entry Timeline: | Within 2 calendar days of receipt |
Disclosure and Documentation
The company has filed the amended code with both NSE and BSE exchanges as required under regulatory provisions. The updated code is also available on the company's investor website at clubmahindra.com for stakeholder access. The code emphasizes prompt public disclosure of UPSI to ensure uniform dissemination and prevent selective disclosure practices.
The amendments reflect the company's commitment to maintaining robust corporate governance standards and regulatory compliance in its disclosure practices.
Historical Stock Returns for Mahindra Holidays
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.38% | -1.85% | -6.34% | -19.92% | -6.52% | +91.73% |
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